Trending: Oil | Gold | BITCOIN | EUR/USD | GBP/USD

Midday update for AUD USD 13/05/2013

Economies.com
2013-05-13 10:46AM UTC

The pair resumed its negative attempts to break below 0.9975, and as we mentioned this morning, confirming this break will open the way towards 0.9825, which makes us continue in our bearish trend expectations for today, pointing that Stochastic positivity might cause some sideways fluctuation before continuing the suggested bearish bias.

 

Expected trading range for today is between: 0.9825 support and 1.0100 resistance.

 

Expected trend for today: Bearish

Midday update for Crude Oil 13/05/2013

Economies.com
2013-05-13 10:46AM UTC

Crude oil price returns to push negatively to test 94.65 again, but it keeps the stability above it until now, and that encourages us to continue in our positive expectations for today, which remain valid unless the price achieved a daily close below the mentioned level.

 

Expected trading range for today is between: 93.45 support and 97.70 resistance.

 

Expected trend for today: Bullish

 

Midday update for Silver 13/05/2013

Economies.com
2013-05-13 10:46AM UTC

Silver price trades in tight and limited range since morning, settling below the EMA50, while Stochastic remains in providing the positive signals.

 

In general, the sideways trading range will remain valid and preferred on the intraday basis, until managing to surpass one of the sideways range which was explained in our morning report.

 

Expected trading range for today is between: 22.60 support and 24.85 resistance.

 

Expected trend for today: Sideways

 

 

Midday update for Gold 13/05/2013

Economies.com
2013-05-13 10:45AM UTC

Gold price continues its negative pressure specially after hitting 1440.00 from below and holding below it, which might force the price to test the critical support at 1423.00

 

In general, our neutral attitude remains valid waiting for monitoring the price behavior according to the aforementioned levels.

 

Expected trading range for today is between: 1403.00 support and 1455.00 resistance.

 

Expected trend for today: Neutral